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WDKX.com » Blog » Poll: Consumer Confidence Rises
Jul 6th 2013 3:31 am
Poll: Consumer Confidence Rises
by News


7/5/13 9:17 PM

Henrietta, N.Y.--June may have been a washout when it came to weather in Rochester, but not for consumer confidence.

A new Siena College poll shows that for the second straight month, consumer optimism has risen.

Referred to as The 2013 Index of Consumer Sentiment, Upstate New York as a whole rests at 76.9 percent for June, a three percent rise from the previous month.

"I'm looking to buy a house, a house and a new car," proudly exclaimed Jason Madison, of Rochester.

New York City and the rest of the nation are ahead of the upstate area, but are not growing when it comes to consumer confidence as quickly.

�The overall index as well as both the current and future outlooks were up over the breakeven point indicating more optimism than pessimism for the second straight month," said Dr. Doug Lonnstrom, professor of statistics and finance at Siena College. "In fact, each index is up between 23 and 27 points compared to this time in 2008. New York, you�ve come a long way, baby," added Lonnstrom.

Furniture, cars, trucks and computers are among the items consumers polled had planned to purchase.

Some local consumers said they have taken the opposite approach regarding summer spending.

"I'm still afraid to spend," said Ann Breslawski of Hamlin. "I think it's false hope people have in the economy."

"I'm working overtime to buy new furniture and I'm holding on as long as I can with my car," said Debbie Royce of Churchville.

Source: 13wham.com